Milton Ault III Acquires 150,000 Shares of Hyperscale Data (NYSEAMERICAN:GPUS) Stock

Hyperscale Data, Inc. (NYSEAMERICAN:GPUS) Chairman Milton Ault III bought 150,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were acquired at an average cost of $0.19 per share, for a total transaction of $28,500.00. Following the completion of the transaction, the chairman owned 2,763,692 shares of the company’s stock, valued at approximately $525,101.48. The trade was a 5.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hyperscale Data Price Performance

GPUS traded down $0.00 on Friday, reaching $0.19. The company’s stock had a trading volume of 19,764,357 shares, compared to its average volume of 28,973,520. Hyperscale Data, Inc. has a 1 year low of $0.17 and a 1 year high of $3.65. The business’s 50 day moving average is $0.65 and its 200 day moving average is $0.78. The company has a current ratio of 0.57, a quick ratio of 0.54 and a debt-to-equity ratio of 0.29.

Hyperscale Data’s stock is going to split before the market opens on Tuesday, September 15th. The 1.04066734 split was recently announced. The newly minted shares will be distributed to shareholders after the closing bell on Monday, September 14th.

Hyperscale Data (NYSEAMERICAN:GPUS) last announced its earnings results on Wednesday, August 19th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $34.84 million during the quarter. Hyperscale Data had a negative net margin of 71.03% and a negative return on equity of 97.52%.

Hyperscale Data announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 26th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to buy up to 6.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Hyperscale Data in the 4th quarter worth about $152,000. State Street Corp bought a new position in shares of Hyperscale Data during the fourth quarter worth about $335,000. LPL Financial LLC bought a new position in shares of Hyperscale Data during the fourth quarter worth about $73,000. Geode Capital Management LLC grew its stake in Hyperscale Data by 2,029.5% in the fourth quarter. Geode Capital Management LLC now owns 3,482,917 shares of the company’s stock worth $639,000 after purchasing an additional 3,319,363 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in Hyperscale Data in the second quarter worth about $47,000. 41.05% of the stock is owned by institutional investors and hedge funds.

About Hyperscale Data

Hyperscale Data, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. It operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, Sentinum, GIGA, TurnOnGreen, ROI, and Ault Disruptive. The company offers lifting services; virtual markets, real world goods marketplaces, gaming, sweepstakes gaming, contest of skill, and building private spaces, as well as socialization and connectivity and real and virtual concerts.